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EXECUTIVE SUMMARY
Since 1974, Chatanika Lodge has been a cherished and historic local hot spot operating as a bar, restaurant, motel, and events venue. This Alaska Icon of over 50 years, comes with a full liquor license and alcohol package store license. Chatanika has been host to many events over the years including car shows/races, outhouse races (at the famous “Chatanika Days”), live music, charitable events, and private events such as weddings and birthdays, etc. There are many other businesses and events that can be incorporated to complement this thriving local business. The restaurant features a full kitchen, large dining room/lounge, stage and dance floor, arcade and pool table, with a long full-service bar in the middle of it all. The motel features 10 rooms with various bed sizes and amenities, and two large bathrooms each with multiple showers, toilets, and sinks. There are living quarters adjacent to the bar/lounge that are perfect for the new owners or managers. There is a paved parking lot in the front, a 2080sq ft. detached shop to the side, two mobile home rentals, and various small outbuildings/sheds on the property. Become the next owner to provide a respite from the hustle of Fairbanks, or to quench the thirst and hunger of those who regularly travel the Steese Highway.
PROPERTY FACTS Under Contract
| Price | $1,073,305 CAD | Lot Size | 11.10 AC |
| Price Per Room | $97,573 CAD | Building Size | 15,389 SF |
| Sale Type | Investment | No. Rooms | 11 |
| Sale Condition | Short Sale | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1974 |
| Property Subtype | Hotel | Parking Ratio | 1.04/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $1,073,305 CAD |
| Price Per Room | $97,573 CAD |
| Sale Type | Investment |
| Sale Condition | Short Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 11.10 AC |
| Building Size | 15,389 SF |
| No. Rooms | 11 |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 1.04/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 11 | $117.72 CAD | - |
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PROPERTY TAXES
| Parcel Number | 228940 | Improvements Assessment | $419,509 CAD |
| Land Assessment | $58,733 CAD | Total Assessment | $478,242 CAD |
PROPERTY TAXES
Parcel Number
228940
Land Assessment
$58,733 CAD
Improvements Assessment
$419,509 CAD
Total Assessment
$478,242 CAD
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Chatanika Lodge | 5760 Steese Hwy
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